Rieker Investment AG, Switzerland, has taken over the majority of the shares of Abraxos Holding AG (parent company of the Meister Abrasives Group). The Meister Abrasives Group is one of the leading manufacturers of precision internal grinding tools, particularly in the automotive sector and the semiconductor industry. The products are available around the world via branch sales offices in the US, Italy, Hong Kong and China, as well as via international licensees and sales partners.
The original sole-owner and now minority shareholder, Thomas Meister, will continue his work on the board of directors of Abraxos Holding AG. With this acquisition, Rieker Investment AG is able to pursue its broadly diversified investment strategy, characterised by its long-term financial commitment to largely independent operating companies in various sectors.
Walder Wyss acted as advisor for the buyer Rieker Investment AG in all legal aspects. The Walder Wyss team was led by Markus Vischer (partner, corporate/M&A) and included Samuel Lieberherr (associate, corporate/M&A), Christian Lütolf (associate, corporate/M&A), Vera Krüttli (associate, corporate/M&A) and Simone Wetzstein (associate, employment).